GE Realigns Businesses, Affirms Forecast

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General Electric Co. on Thursday said it is streamlining its businesses to six operating units from 11 in a move to cut costs, and it affirmed its second-quarter and full-year profit forecast.


The company is on track to hit its earnings targets of 43 cents to 45 cents per share for the second quarter and $1.78 to $1.83 for 2005. Analysts, on average, expect the company to earn 44 cents per share for the quarter and $1.81 per share for the year.


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